Year: 2024

The Bank of Japan (BOJ) should raise interest rates to at least 1% to reverse the “abnormally” large stimulus that is contributing to a weakening yen, according to Takeshi Shina, the shadow finance minister of Japan’s largest opposition party. In an interview with Reuters on Thursday, Shina argued that the…

**WASHINGTON (Reuters)** — President-elect Donald Trump’s Republican Party is projected to control both chambers of Congress when he takes office in January, giving him the leverage to advance his agenda of tax cuts and reducing the size of the federal government, according to Edison Research. Republicans are expected to secure…

Dogecoin extends gains after Trump forms DOGE  Meme token Dogecoin rose on 9.1% to $0.394493 on Thursday, extending recent gains and remaining close to its strongest level since May 2021.  Traders speculated whether Trump’s DOGE agency was a reference to the meme token, and whether it would entail any official recognition of…

Cross-border challenges are contributing to the widening gap in economic output between Europe and the U.S., a trend that has been accelerating since the 1990s, according to a study by the International Monetary Fund (IMF). The IMF report shows that the European Union’s GDP per capita, adjusted for purchasing power…

Gold prices fell to near two-month lows on Thursday, pressured mainly by a stronger dollar after U.S. inflation data showed persistent price pressures. Investors are also awaiting further signals from the Federal Reserve, adding to the caution in markets. In industrial metals, copper prices dropped to a three-month low due…

The U.S. dollar revisited a one-year high against major currencies on Thursday, posting a fourth consecutive session of gains driven by momentum from Donald Trump’s election victory, which overshadowed increased expectations for Federal Reserve easing. Bitcoin also surged to a new record high of $93,480 overnight and was climbing back…

Amgen (NASDAQ: AMGN) saw its shares rise in premarket U.S. trading on Wednesday after the company clarified that its experimental obesity drug, MariTide, was not linked to any changes in bone mineral density. The stock had fallen more than 7% in the previous session, following a report from Cantor Fitzgerald…

Amazon.com and IKEA, along with around three dozen other companies that rely on ocean freight, will open bidding in January, inviting shipping firms to compete for contracts to transport their cargo on vessels powered by near-zero emissions e-fuels like e-methanol. This collective, known as the Zero Emissions Maritime Buyers Alliance,…

US stock futures slipped on Wednesday, as investors await crucial inflation data that could influence the Federal Reserve’s approach to its upcoming interest rate decision. Following a pause in the post-election rally, futures pointed to a lower open.  As of 03:42 ET (08:42 GMT), Dow futures were down by 117…

Spotify released its third-quarter financial results on Tuesday, falling short of Wall Street expectations. However, the Swedish audio streaming leader’s enhanced profit margins, achieved through cost-cutting measures, garnered more attention. Shares of Spotify Technology SA increased by approximately 7% in premarket trading on Wednesday. For Q3, the company reported earnings…